INNOSPACE Terminates Satellite Launch Contract with Quub Inc., Amends Contract Amount with Negligible Financial Impact

INNOSPACE announced a correction disclosure stating that the satellite launch service contract with Quub Inc. was terminated as of June 30, 2026 due to the counterparty's failure to pay the milestone payment.
The original total contract amount of USD 240,000 approximately KRW 344.9 million was corrected to the actual received deposit of USD 24,000 approximately KRW 34.5 million, which represents only 0.13% of the company's market cap of KRW 236.4 billion, making the financial impact negligible.
No additional losses or provisions are expected from the termination, as the received deposit was likely already recognized.
[AI Summary]This termination correction has a limited impact on the stock price due to the contract's negligible size relative to market cap. While the termination reason indicates counterparty funding issues, it is unlikely to undermine long-term confidence in INNOSPACE's core launch service business.